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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>69775</law_id><section_number>8.01-587</section_number><catch_line>Liability of general receivers</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="8.01">Civil Remedies and Procedure</unit><unit label="chapter" level="2" order_by="1" identifier="22">Receivers, General and Special</unit><unit label="article" level="3" order_by="1" identifier="1">General Receivers</unit></structure><text>
						<section><p>Except as otherwise ordered by the court, for good cause shown, a general receiver shall be liable for any loss of income which results from his (i) failure to invest any money held by him pursuant to &#xA7;&#xA7;&#xA0;<a class="law" title="Appointment of general receivers; their duties; audit of funds" href="/8.01-582/">8.01-582</a> through <a class="law" title="Inquiry as to unknown owners of funds" href="/8.01-586/">8.01-586</a> within sixty days of his receipt of the funds or (ii) failure to pay out any money so ordered by the court within sixty days of the <span class="dictionary">court order</span>. He shall be charged with interest from the date of the <span class="dictionary">court order</span> until such investment or payment is made.</p></section></text><history>Code 1950, &#xA7; 8-730; 1977, c. 617; 1988, c. 841.</history><metadata></metadata></law>
